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Binance Futures Show Dogecoin Traders Are Heavily Long—Too Bullish To Fail?

  • Binance Futures data reveals a remarkably bullish sentiment among Dogecoin traders.
  • 72.13% of Binance users with open Dogecoin positions are currently long.
  • Such a strong majority of long positions indicates optimism and excitement about Dogecoin's upward price potential.
  • However, if the market shifts or unexpected hurdles arise, it could lead to forced liquidations and downward pressure.

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